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thelurker

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thelurker

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Thursday, 06/25/2009 10:03:57 AM

Thursday, June 25, 2009 10:03:57 AM

Post# of 433277
Infineon Technologies Raises Guidance For Third Quarter Financials
Neubiberg, Germany - June 25, 2009 - Infineon Technologies today raised the
guidance for the third quarter of the 2009 fiscal year.
For the current third quarter of the 2009 fiscal year Infineon now expects
a Combined Segment Result approaching break-even with revenues increasing
by a low-teens percentage sequentially. In addition, Infineon anticipates
free cash flow to be clearly positive and foresees a gross cash position
approaching Euro 850 million for the end of the quarter.
When the company originally provided the market with an outlook for the
third quarter of the 2009 fiscal year on 30 April 2009, Infineon expected
revenues to increase by about 10 percent sequentially with a negative mid
to high single digit Segment Result margin.
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